Reasons for newbies loss in bitcoin

[AakZaki]

~snip~

newbies who think Bitcoin will make them rich overnight when the price drops will immediately sell their BTC because they buy Bitcoin based on the words of the speculators.

Maybe those who are experts and big capital, all can be obtained. I saw Coinmamba's status on twitter in futures trading. He has huge capital and he can make big money. But you are right, everything needs a process for newbies if he just jumps in and makes a profit it could be just luck. So new people have to learn, they need to read a lot and compare ways, so that they find the right strategy for themselves. So I always say for newcomers trading, you have to be prepared to lose money to learn.

[NFTGate]

Crypto space is not just a profit earning place. It offers great solutions such as smart contracts, NFT marketplace, transparency etc. Newbies should look at a larger perspective. The main reason for their loss is their limited scope of vision.

[Shamm]

  One of the first probability reason why newbies loss their Bitcoin , cause they are Glare at the Money an never think the possible outcomes. Bitcoins are one of the best  Digital cryptocurrency. Yeah it's true trading Bitcoins is Good but think also the other side that Bitcoins is Volatile and we can not predicted the possible results weitheir if we win or loss.

[Questat]

 One of the first probability reason why newbies loss their Bitcoin , cause they are Glare at the Money an never think the possible outcomes. Bitcoins are one of the best  Digital cryptocurrency. Yeah it's true trading Bitcoins is Good but think also the other side that Bitcoins is Volatile and we can not predicted the possible results weitheir if we win or loss.

Newbies aren't good enough in the market, their level of understanding was still far from us but we can't deny that we are also is struggling hard during our first entry into the crypto space. I could say that what they have done today is the same story we've done before. We were able to find what went wrong because we learn from our bad experiences before and I believe that these newbies will also change their attitude and mindset later on once they learn their mistakes.

[Btcvilla]

maybe it's.also very unfortunate.what is.experienced by beginners.when they lose their coins.this can.also be.an example for all of us.so that we don't.easily trust anyone in.the business.affairs that we are currently.living because this will have a bad impact on our business.world In.the future, we must.also be careful.in choosing.a.business partner for us.to start something new, especially since we are still beginners.who do not fully understand the investment.business.

[worle1bm]

It is really not good to think bitcoin as a quick rick scheme that you only need to utilize when you want it.

Bitcoin needs knowledge, experience, and willingness so that you can make it grow and become successful with it.

Also bitcoin is risky when you don't know what you're doing and you don't know how blockchain technology and crypto works in the market.

When people will realize that Bitcoin is not only related to money making and investment scheme and rather than some sort of financial revolution that could change the payment processing system in a decentralized way we will see less people losing their money.But for most of them bitcoin act as tool which could make them rich quickly like they have got Aladin lamps but when they don't get it they got upset and panic sell but they need to be at least patient to hold for some time so they could generate normal profits also.

[haidil]

It was not a bad idea as it was a sort of motivation but the wrong is that they never have a good entry. Most of them never know what will be the best position to start investing in crypto, they just put their money without doing research, and losses will absolutely they will get in the end.

Honestly, it was not only newbie suffering like this, even old-timers make some losses because of the market volatility. Because even though we have knowledge in crypto space but it wasn't all the time the market is in good trend, and sometimes we make a wrong decision. Losses can't be avoided as it was a part of our journey here and if we are not able to cope up with this, we even lose more.

I think things like that are not motivation but greed because the average beginner doesn't know what the system here is like, how to read what kind of candles and without knowing the latest news, they immediately make entries without doing research first in the hope that they can make big profits. , this is too rash and this is tantamount to gambling because they only use the instincts they have in the hope of making high profits.
I don't hate or blame beginners for things like this, but at least they should start from the basics first by learning things related to crypto etc. Don't immediately think of big profits in one day because there is nothing like that here. here there is a process and the process is not instant.

[amihada]

Newbies lose in bitcoin because they are too greedy to buy bitcoins with all the money they have.  Then they are also impatient and easily panic when the price of bitcoin drops.  So they are afraid of losing more money.  Until they decide to cut loss.  In fact, when the price of bitcoin is corrected, we should buy it again.

it's true that a lot of greedy beginners want to make a lot of money in a short time and don't want to lose I have a friend he can't wait when the coin price drops and sells coins for fear of losing a lot of money even though I told him to be patient, the coin price will go up again just waiting for time but he doesn't care now buddy sorry because the price of the coin has gone up.

[ropyu1978]

it's true what you said, most beginners who lose their bitcoins are caused because of their limited range of vision, they also lack experience and lack of insight, they easily believe in the sweet promises of scammers, who promise profits, but in the end, we are tricked by scammers ..

[Hypnosis00]

It was not a bad idea as it was a sort of motivation but the wrong is that they never have a good entry. Most of them never know what will be the best position to start investing in crypto, they just put their money without doing research, and losses will absolutely they will get in the end.

Honestly, it was not only newbie suffering like this, even old-timers make some losses because of the market volatility. Because even though we have knowledge in crypto space but it wasn't all the time the market is in good trend, and sometimes we make a wrong decision. Losses can't be avoided as it was a part of our journey here and if we are not able to cope up with this, we even lose more.

I think things like that are not motivation but greed because the average beginner doesn't know what the system here is like, how to read what kind of candles and without knowing the latest news, they immediately make entries without doing research first in the hope that they can make big profits. , this is too rash and this is tantamount to gambling because they only use the instincts they have in the hope of making high profits.
I don't hate or blame beginners for things like this, but at least they should start from the basics first by learning things related to crypto etc. Don't immediately think of big profits in one day because there is nothing like that here. here there is a process and the process is not instant.

And we all have started from learning the basics and losing is part of it. We understand their situation knowing that they don't have enough knowledge in this kind of business and losing is not the biggest mistake that they ever do.

And talk about greediness, there is some level of such behavior, one is to dream about just become rich and that is why they work hard. The other one is TOO MUCH greediness in which a person needs to do evil things just to achieve their goal.
https://knowledge.insead.edu/blog/insead-blog/seven-signs-of-the-greed-syndrome-4624

Well for now, satisfaction is really to find nowadays since we all wanted to improve our living and give comfort to our family. Might it call greediness, what is important is that we only do good things.

[worle1bm]

And we all have started from learning the basics and losing is part of it. We understand their situation knowing that they don't have enough knowledge in this kind of business and losing is not the biggest mistake that they ever do.

And talk about greediness, there is some level of such behavior, one is to dream about just become rich and that is why they work hard. The other one is TOO MUCH greediness in which a person needs to do evil things just to achieve their goal.
https://knowledge.insead.edu/blog/insead-blog/seven-signs-of-the-greed-syndrome-4624

Well for now, satisfaction is really to find nowadays since we all wanted to improve our living and give comfort to our family. Might it call greediness, what is important is that we only do good things.

If you have invested in Bitcoin then you must have basic knowledge about it at first because the first rule in trading says that you must DYOR before making any investment but many people ignore it and the loss suffer is out of ignorance.Making loss unintentionally like in trading is common case and no double many old and new investors suffer it but here we are taking about those who get blind and take btc as scheme to be rich overnight and when the scenario is opposite they start dumping the coins and they have misleaded the entry to Bitcoin world.So all they need is to atleast have little knowledge before making any investment which could reduce their loss.

[Distinctin]

Due to lack of information about cryptocurrency. For example, they buy at a high price and then the market suddenly crashes, they panic selling and they sell it at a loss.

It wasn't the ideal strategy to be used, newbies are blindly investing coins coz they just thought that the market will keep on moving high. Their ignorance about the volatility of the market made them lose. But then, we have to consider their situation and it was because they don't have enough knowledge in the market.

However, losing doesn't mean it was our end, we still have the chance and to correct all the mistakes we have done. And for sure these newbies will realize how important to spend more time in the market and gathering useful ideas on the internet.

[breathlessz]

number 1 is the main point that beginners can think very short. even though I think getting rich from bitcoin requires a lot of processes not just overnight and it's the wrong strategy to get quick profit from bitcoin without knowing the right goal

unless he understands to invest in bitcoins instead of trading. but also if you have less knowledge of course it will be a burden if you buy when prices are at their peak. until now it is not easy for beginners to hold on to it and be patient until the price reaches a new ath again. therefore knowledge is very important to determine when to buy bitcoin

[Pamadar]

Due to lack of information about cryptocurrency. For example, they buy at a high price and then the market suddenly crashes, they panic selling and they sell it at a loss.

It wasn't the ideal strategy to be used, newbies are blindly investing coins coz they just thought that the market will keep on moving high. Their ignorance about the volatility of the market made them lose. But then, we have to consider their situation and it was because they don't have enough knowledge in the market.

However, losing doesn't mean it was our end, we still have the chance and to correct all the mistakes we have done. And for sure these newbies will realize how important to spend more time in the market and gathering useful ideas on the internet.

If not all most traders also experienced mistake like that, but for those who are keen to succeed.

This kind of mistakes served as a good learning path to find the right strategy and the right attitude towards this business, the more
they engage and eagerly understand how things works, the more that they'll be able to build good system to use with their trading business.

Trading nor investing is not easy but learnable if you are really seeking for the right system to use while working inside this business.

[blackened515]

Due to lack of information about cryptocurrency. For example, they buy at a high price and then the market suddenly crashes, they panic selling and they sell it at a loss.

Most of them don't research about bitcoin before getting into it. They don't have the necessary information. For someone to excel in Bitcoin trading, you must have a good strategy, know when to buy and when to sell.

[Saidasun]

Due to lack of information about cryptocurrency. For example, they buy at a high price and then the market suddenly crashes, they panic selling and they sell it at a loss.

Most of them don't research about bitcoin before getting into it. They don't have the necessary information. For someone to excel in Bitcoin trading, you must have a good strategy, know when to buy and when to sell.

Even if you do understand how trading works that is no guarantee that you catch the right moment to invest and sell and it depends on the news that is currently circulating in the news sites which can effect the price by a lot just look at the Tesla news recently and how big of a impact that had on the price of Bitcoin.

[Raflesia]

Due to lack of information about cryptocurrency. For example, they buy at a high price and then the market suddenly crashes, they panic selling and they sell it at a loss.

Most of them don't research about bitcoin before getting into it. They don't have the necessary information. For someone to excel in Bitcoin trading, you must have a good strategy, know when to buy and when to sell.

They take it at a high price, indeed it is a risky thing, especially not having a strong analysis of how durable the pump is in this skill. This is indeed a must because trading needs analysis to be right on target, but for newbies it is not a problem because it is part of the beginning. maybe after the next day they will know when to come and buy it.
As long as you never follow someone who suggests buying coins something that doesn't exist in the news.

[batako]

Point #2 is the main point for newbie to be fail in investment. As new comers they only have one point of view, namely price increases. And when the market moves against them, they don't know what to do and tend to panic and eventually sell their assets cuz of the fear of further losses if they keep their coins on their own wallets. Over time, they will surely realize that it takes a tested mentality when it comes to investing in cryptocurrencies that tend to fluctuate.

[randegibran]

they don't understand bitcoin at all and how it works which really takes a lot of time for a result, so they tend to be instantaneous and trust people who can double their coins very quickly with such a large income in a short time, so they don't realize that their bitcoins have disappeared a lot, so in our business affairs, don't easily trust anyone because there are many people who want to do evil to us

[boyptc]

they don't understand bitcoin at all and how it works which really takes a lot of time for a result, so they tend to be instantaneous and trust people who can double their coins very quickly with such a large income in a short time, so they don't realize that their bitcoins have disappeared a lot, so in our business affairs, don't easily trust anyone because there are many people who want to do evil to us

That's what #1 indicates.

Most of them don't research about bitcoin before getting into it. They don't have the necessary information. For someone to excel in Bitcoin trading, you must have a good strategy, know when to buy and when to sell.

And for someone to excel in bitcoin, he can also stay as a holder. He's going to excel through profit without such effort as long a he's aware of bitcoin's ups and downs.